Amova Asset Management Americas Inc. Cuts Stock Holdings in Kratos Defense & Security Solutions, Inc. $KTOS

Amova Asset Management Americas Inc. reduced its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,281,687 shares of the aerospace company’s stock after selling 186,664 shares during the quarter. Kratos Defense & Security Solutions makes up 1.1% of Amova Asset Management Americas Inc.’s holdings, making the stock its 28th largest position. Amova Asset Management Americas Inc.’s holdings in Kratos Defense & Security Solutions were worth $97,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in KTOS. Deutsche Bank AG lifted its holdings in shares of Kratos Defense & Security Solutions by 97.1% during the 4th quarter. Deutsche Bank AG now owns 273,723 shares of the aerospace company’s stock valued at $20,778,000 after purchasing an additional 134,814 shares during the last quarter. Strategic Advocates LLC raised its stake in Kratos Defense & Security Solutions by 24.0% in the 4th quarter. Strategic Advocates LLC now owns 1,370 shares of the aerospace company’s stock worth $104,000 after acquiring an additional 265 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Kratos Defense & Security Solutions in the 4th quarter worth $61,000. Cerity Partners LLC purchased a new position in Kratos Defense & Security Solutions in the 4th quarter worth $418,000. Finally, Erste Asset Management GmbH raised its stake in Kratos Defense & Security Solutions by 406.0% in the 4th quarter. Erste Asset Management GmbH now owns 18,321 shares of the aerospace company’s stock worth $1,419,000 after acquiring an additional 14,700 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

More Kratos Defense & Security Solutions News

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Kratos announced plans to significantly increase production capacity for its Spartan turbojet engines, which should help meet growing demand from missile and loitering munition programs and could support future revenue growth. Article: Kratos Expands Production of Spartan Engines to Support Growing Missile and Loitering Munition Demand
• Positive Sentiment: Analysts highlighted Kratos’ growth engine in hypersonics and autonomous systems, noting Valkyrie drone production and improving Unmanned Systems profitability as key drivers for longer-term upside. Article: Is KTOS Building a Growth Engine in Hypersonics & Autonomous Systems?
• Neutral Sentiment: An insider, David M. Carter, sold 4,000 shares under a pre-arranged 10b5-1 plan. While the sale was disclosed properly and represented a small portion of his holdings, insider selling can still weigh on investor sentiment. Article: Insider sale filing
• Negative Sentiment: Recent commentary questioned whether KTOS has already priced in too much of its multiyear run, pointing to a sharp year-to-date decline despite strong longer-term gains. That valuation debate may be contributing to the stock’s weakness. Article: Is Kratos Defense & Security Solutions (KTOS) Pricing In Too Much After Its Multiyear Run?

Insiders Place Their Bets

In other news, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $89.07, for a total transaction of $578,955.00. Following the sale, the insider owned 234,292 shares of the company’s stock, valued at approximately $20,868,388.44. The trade was a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William A. Hoglund sold 30,500 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $71.19, for a total value of $2,171,295.00. Following the completion of the transaction, the director owned 252,500 shares of the company’s stock, valued at approximately $17,975,475. This trade represents a 10.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 187,564 shares of company stock worth $12,981,944. 1.50% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $56.19 on Wednesday. The company has a market capitalization of $10.54 billion, a P/E ratio of 330.53 and a beta of 1.04. The business’s 50 day moving average is $63.00 and its two-hundred day moving average is $80.45. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 12-month low of $37.90 and a 12-month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. During the same period in the previous year, the business earned $0.12 EPS. Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% on a year-over-year basis. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $115.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. BNP Paribas Exane raised their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Truist Financial upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Friday, May 1st. BTIG Research reduced their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, UBS Group restated a “neutral” rating and issued a $82.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $96.28.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.